Bloomberg News

China PBOC Sells 1-Year Bills at Yield 3.4875%, Trader Says

November 15, 2011

Nov. 15 (Bloomberg) -- The People’s Bank of China sold one- year bills at a yield of 3.4875 percent, according to a trader at a primary dealer required to bid at the auctions.

The monetary authority today issued 52 billion yuan ($8.2 billion) of the securities, the most in six months. The yield was 3.5733 percent at the previous sale on Nov. 8.

The central bank in February published a list of 50 primary dealers allowed to participate in open-market operations, including Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp., China Citic Bank Corp., Industrial Bank Co. and Postal Savings Bank of China.

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net


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